Otterbein St. Marys

“The form is provided to and reviewed by the chief financial officer before the form is filed. A complete copy of the 990 is also provided to the board of directors for review prior to filing.”

“In accordance with the by-laws, any possible conflict of interest on the part of any board member, corporate executive, executive director, or adminitrative staff member, or committee members, who are not members of the board of trustees of otterbein homes shall be disclosed to the board and made a matter of record, either through an annual procedure or when the interest becomes relevant to a matter of board action.”

“The independent executive committee of the otterbein homes board of trustees has the responsibility for determining the annual compensation for the officers by the use of industry specific data such as salary surveys from leading age and leading age ohio. The salaries of the key employees are determined by the officers using industry comparative data such as salary surveys from leading age and leading age ohio. The deliberations and decisions regarding compensation are documented. This process was last performed in 2016.”

“The annual report is provided to the public which includes the audited financial statement summary. The governing documents and conflict of interest policy are available upon request.”

“The parent company, otterbein homes, (fein 31-0549058) processes accounts payable payments for all related entities. As a result, the organization is unable to determine the number of 1099s reported by entity. As a result, all 1099s are issued and reported out of the parent company.”

“Nursing agency fees/contracted services: program service expenses 1,097,812. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,097,812. Other services: program service expenses 126,526. Management and general expenses 11,106. Fundraising expenses 0. Total expenses 137,632.”

“Change in value of split interest agreement -51,223. Change in minimum pension liability -46,182.”

“The selection and oversight process has not changed.”

“The parent company, otterbein homes, has allocated a portion of the tax exempt bonds that were issued to the parent company. The details of the tax exempt bonds issued to otterbein homes are contained on the schedule k that is filed with the form 990 for the parent company (fein 31-0549058). There is no schedule k for this tax return. This treatment is consistent with prior years.”